United Spirits Ltd (UNSP.BO)
|Market Cap (Mil.):||Rs348,459.59|
|Shares Outstanding (Mil.):||145.33|
July 17 - Competition and Markets Authority (CMA) :
* Shares in India's United Spirits Ltd fall 0.6 percent after Credit Suisse downgraded the stock to "neutral" from "outperform", citing a lack of immediate triggers. * Credit Suisse says the spirits maker has already agreed to sell Whyte & Mackay to Emperador Inc, while Diageo Pls has raised its share offer. * United Spirits' stock price has fallen 3.2 percent so far this month as of Wednesday's close, underperforming a 6.2 percent gain in the NSE index. * Shares in the spirits maker had a
* Regulator, shareholder approvals needed (Adds deal multiple, quotes, background, additional dateline/byline)
MUMBAI, May 9 - India's United Spirits said on Friday its British unit has agreed the sale of Whyte & Mackay to a unit of the Philippines-based alcoholic beverages maker Emperador Inc for an enterprise value of 430 million pounds ($729 million).
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(The following statement was released by the rating agency) LONDON, April 15 (Fitch) Fitch Ratings has affirmed Diageo plc's (Diageo) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'A-' and Short-Term IDR at 'F2'. The Outlook on the Long-term IDR is Stable. Diageo's subsidiaries, Diageo Finance BV, Diageo Finance plc, Diageo Capital plc and Diageo Investment Corporation's senior unsecured ratings have also been affirmed at 'A-'/'F2'. The affirmation reflects Diageo's
MUMBAI/LONDON - Diageo, the world's biggest spirits maker, has launched a $1.9 billion bid to nearly double its stake in United Spirits Ltd, offering a rich price in the hope that India's increasingly wealthy consumers will drink more alcohol.
* Diageo offers to buy up to 26 pct more of United Spirits
Reuters Market Eye - The BSE Sensex is headed for a second consecutive session of falls as investors continue to take profits after record highs hit on Thursday.
MUMBAI - London-based Diageo Plc on Tuesday relaunched a bid to increase its stake in India's United Spirits Ltd , making a $1.9 billion bet on rising incomes in a country where consumption of alcohol remains relatively low.